Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[d_eddie]

Don't give it attention: don't read it, don't comment on it, and don't share it. Any attention leads to more people jumping the wagon hoping for a quick profit.

Cancel INU! 

[d_eddie]

-multisnip-

In Lightning Network matters, I kinda figured out how to get my channels back into a balanced state, organically, after getting drained to one side.

tl;dr: I set a "normal" free policy for routing peers of something like 1000/100. Bigger nodes get charged higher rates, eg: 1000/350.

Neato.

I'm no expert in LN, but shouldn't this be happening automatically?

In a nutshell, no…

I really think what we are not seeing are the second order incentives.  Certain nodes will be incentivized to exist because of trade.  Your grocery store, your hardware store, the convenience store, the gas station.

Banks too will probably have giant, well managed nodes.  Whatever banks are about to morph into.  But I think the retailers... the people we do trade with... those folks will become much more important in commerce.

The doors are going to get blown off the entire system... and most people won;t even see it coming.

I like this post as I liked the one before. You being a legendary and all, I'm not "blowing any additional merit load", as Bob sometimes says, but  as usual, you manage to word my thoughts in a plausible, effective way.

I'm keeping my fingers crossed. I hope I get to see the picture you're painting while it plays out. It will be sweet.

[BobLawblaw]

[d_eddie]

   So then is the unstated "problem", as I feared, that we have this decentralized, no-trust-required, wealth transfer method that doesn't require an intermediary which anyone can use... including Russia if they are kicked out of the SWIFT club?

Not gonna happen. It really is tantamount to war. Even keeping nukes out of the equation, it would entail cyber-destruction of the world as we know it.

​Then again maybe we get lucky and Russia, if kicked out of SWIFT, will choose BSV as a payment settlement medium instead in which case I hope.... no! no! no!  I never hope for war.

Not gonna happen, squared

[DaRude]

Some stats for context, 67% population of Crimea were ethnic Russians, 80% of population spoke Russian as their primary language, and naturally this is how they voted, Yanukovych (blue) was the pro Russian president that ended up winning

Current military conflict is in the two regions that voted 91% and 93% for pro Russian president.

So Hm: based on the voting patterns one could make a pretty reasonable assumption that the area of "land" just above Ukraine, to the right of Poland, and below Lit/Latvia/Estonia would probably be pretty highly "Pro someone other than Russia". Would Russia be ok in ceding that territory in exchange for the areas that voted Russian in the Ukraine?

After all it is geography....

Rhetorical question, and can easily be circled back to goldkingcoiner point if Russia then should be ok in ceding Crimea in the first place, not constructive.

I was simply pointing out the status quo, the expansion of NATO and the amount of anti-Russian bases in proximity to Russian boarders.  Now the ball is on Russias side, their options is to either do nothing and watch their sphere of influence continue to erode, or do something and be labeled bully. Believe that's the reason some smart people created the Doomsday clock back in the day, which way do you think these actions move the hands of that clock?

[Richy_T]

Because there will always be nodes trying to draw traffic, so there is always a fee sale somewhere. See what I mean? Since pathfinding is markets on FAST FORWARD there will not be choke points like there are in the current system.

A lot of the problem is that due to the lack of a full Bitcoin "ecosystem", payments tend to go in one direction. If you're having fee sales to rebalance channels, they are likely to also only be in one direction also. This also means you'll probably just be eating someone else's lunch who will have to rebalance on-chain (however that's achieved). Though that may still be a better financial option than having fire sales.

In a way, it's not unlike the current issue with unavailability of u-haul trucks out of California (up to something like 10x the usual cost in some areas). I wonder if there are meaningful lessons to be drawn from that.

[d_eddie]

Some stats for context, 67% population of Crimea were ethnic Russians, 80% of population spoke Russian as their primary language, and naturally this is how they voted, Yanukovych (blue) was the pro Russian president that ended up winning

Current military conflict is in the two regions that voted 91% and 93% for pro Russian president.

So Hm: based on the voting patterns one could make a pretty reasonable assumption that the area of "land" just above Ukraine, to the right of Poland, and below Lit/Latvia/Estonia would probably be pretty highly "Pro someone other than Russia". Would Russia be ok in ceding that territory in exchange for the areas that voted Russian in the Ukraine?

I think they secretly would, although they won't admit it, ever.

The problem is, Putin (or Russia in general) DGAF what "the people" want. Do any rulers ever? What Russia very, very badly wants is a sea port in "warm" waters. Crimea's Black Sea is a good start.

[Richy_T]

Well they were kind of forced to do that. Ukraine was not willing to let Crimea be independent, and there would have been a lot of bloodshed. And by law, the Crimean give-away was legally void. So either Russia took Crimea or would have watched Crimea turn into a bloodbath. As I said, I have yet to hear a single Crimean complain about the annexation.

Crimea giveaway - 1954
USSR collapse - 1988-1991
Crimea annexation by Russian Federation - 2014

I'd say "by law" didn't have too much to do with it by that point. Same old rule of conquest. If you can keep it, it's yours.

[ChartBuddy]

Explanation

[cAPSLOCK]

I am making no Predictions, just showing what actually is going on BTC/USD Chart at Weekly Timeframe.

Do not worry, sir.  I know we here have spooked you.  But you are bringing good data (usually!), so keep it up.

[OutOfMemory]

Short answer:
Not sure.

Long answer:
You see, here around they (MCD) try to keep the price as long as possible, but the size of the Big Mac got reduced slightly several times.
I remember they started by making the patties thinner, then they reduced their diameter, followed by the diameter of the buns. Also, if you just ate a whole BM, less salad was remaining in the box when you held your burger over it while eating.

So your coin might buy you a full Big Mac, even if it's half the size of today in the future.
Additionally, they just need to rename the burger, which would be like an exit scam, imho.

The MCD way of quantitative easing.
Am i loving it?

[d_eddie]

As long as McD allows audits to check their Big Mac vaults so they don't rehypothecate the burgerz.

Maybe some of our moles temporarily flippin them burgerz (wen moon?) can tell us if they hear rumors of audits...

[ChartBuddy]

Explanation

[cAPSLOCK]

Does anyone else feel like we are about to see a HUGE MOVE in the price... but do not know which way it is going to go?

I almost hope I just doomed us to a month of crab walking...

(oh, and barring a big ass move, I suppose this would be a last stop before we test the channel top.  Barring a big ass move...)

OK!  We are inching up, but the volume is still underwhelming.  But if we are to break through TODAY 39450(6H)-39650(1D) looks to be the magic number with 40k being a nice definitive break! (Bulltrap?)

[Paashaas]

[fr4nkthetank]

They can also do a classic switch-a-roo by making a big mac basically a mini-mac and then coming out with a Grand Big Mac which would basically be an old big mac.  You just got devalued Argentina style.
Oh wait    How you lovin' it now ?

[Torque]

Don't give it attention: don't read it, don't comment on it, and don't share it. Any attention leads to more people jumping the wagon hoping for a quick profit.

Meh it’s not sharing it….

Just as it’s best they burn there selves asap… the sooner they burn, the sooner they understand and become bitcoiner


Or stay slaves of the system

Either way please read it and please act on it, hopefully they just decide wise enough….

This things build mindrusters or satoshis

They just don't get it, because the cognitive dissonance and delusion run so deep that they can't see the forest for the trees.

[OutOfMemory]

OK!  We are inching up, but the volume is still underwhelming.  But if we are to break through TODAY 39450(6H)-39650(1D) looks to be the magic number with 40k being a nice definitive break! (Bulltrap?)

Same thoughts here, but i also kind of remember that when we creeped up rather slowly with low volume, a red candle out of the sudden puts the price back near lower boundaries of most "channels". *Fingers crossed*

[Torque]

Short answer:
Not sure.

Long answer:
You see, here around they (MCD) try to keep the price as long as possible, but the size of the Big Mac got reduced slightly several times.
I remember they started by making the patties thinner, then they reduced their diameter, followed by the diameter of the buns. Also, if you just ate a whole BM, less salad was remaining in the box when you held your burger over it while eating.

So your coin might buy you a full Big Mac, even if it's half the size of today in the future.
Additionally, they just need to rename the burger, which would be like an exit scam, imho.

The MCD way of quantitative easing.
Am i loving it?

Why do people think that McD eventually wants to replace the real meat patty with a plant derivative? Because ItS MOrE goOD fOr YoUR HeALth? Lol

[OutOfMemory]

Short answer:
Not sure.

Long answer:
You see, here around they (MCD) try to keep the price as long as possible, but the size of the Big Mac got reduced slightly several times.
I remember they started by making the patties thinner, then they reduced their diameter, followed by the diameter of the buns. Also, if you just ate a whole BM, less salad was remaining in the box when you held your burger over it while eating.

So your coin might buy you a full Big Mac, even if it's half the size of today in the future.
Additionally, they just need to rename the burger, which would be like an exit scam, imho.

The MCD way of quantitative easing.
Am i loving it?

Why do people think that McD eventually wants to replace the real meat patty with a plant derivative? Because ItS MOrE goOD fOr YoUR HeALth? Lol

While the meat patty is not the most unhealthy component of their burgers. Fructose loaded buns, sweetened salad, not to speak of the "sauces".
It's the carbs that do most of the harm, not the meat.